Argentum Motors, a company floated by BVR Subbu, former president of Hyundai Motors India, and others like SpiceJet promoter Ajay Singh and broadband entrepreneur Ashish Deora, has raised Rs 200 crore from a group of private equity and hedge funds such as D E Shaw, South Africa’s Rand-owned fund Satwa (based out of Hong Kong), and Infrastructure Leasing and Financial Services Ltd (IL&FS).